For sale: Commercial building — functioning accommodation business and commercial space in the heart of Tallinn
For sale is a unique and fully renovated two-story commercial building that combines historical value with modern functionality. The building offers versatile use options: on the first floor there are commercial spaces and storage rooms, on the second floor there are 12 small apartments, of which 4 are fully furnished and actively rented on Airbnb and Booking platforms. This is a ready-made functioning accommodation business with clear growth potential.
Building and layout The building was thoroughly restored in 2023, preserving historical architecture while adding modern technical solutions. The structure is made of prefabricated reinforced concrete and natural stone, which ensures the building's strength and longevity. A durable metal roof, double-glazed windows and solid wood doors have been installed.
1st floor: storage rooms and commercial spaces (total over 300 m²) — suitable for retail, warehouse or service business activities. It is also possible to convert into office spaces. All connections are available: water, electricity, heating and ventilation. With the larger space, there is the option to divide the room in two and create two spaces for office use.
2nd floor: total 12 small apartments (compact and functional layouts), 4 furnished and functioning accommodation units, 8 apartments ready for furnishing and expanding the business model. The remaining 8 apartments will be furnished in the near future. All apartments are insulated, finished and come with kitchenette ready. The building's architecture is inspired by classical style, with historical details and plaster surfaces preserved on the facade. The building has energy-efficient underfloor heating and mechanical ventilation, which ensure low operating costs.
Business and investment opportunities Ready revenue stream: 4 apartments already generate steady income and prove the viability of the business model. Additional income potential: 8 apartments can be quickly furnished and added to rental operations. Versatile use: combine accommodation business, offices and retail spaces in one building. Management freedom: suitable for both personal accommodation and rental management as well as fully automated revenue model through a professional management company.
Location The building is located in North Tallinn, in the Kalamaja district — Kalma Street 7, directly near the Baltic Station and Telliskivi Creative City. The area is one of Tallinn's faster developing and more popular business environments, where creative enterprises, cafes, restaurants and small retail spaces operate. Good public transport connections (tram, bus stops, train station), quick access to the city center and Noblessner harbor district. Street lighting, well-maintained roads, parking options both behind the building and in the nearby Europark parking lot (EP278).
Additional information The building has an energy-efficient heating system and modern ventilation. All spaces are fully renovated and ready for immediate use.
The seller is a legal entity and Value Added Tax is added to the price.
Contact If you are looking for a functioning commercial building with stable income and growth potential, then this property is an excellent choice. Contact us to arrange a time to view the property.
Building and layout The building was thoroughly restored in 2023, preserving historical architecture while adding modern technical solutions. The structure is made of prefabricated reinforced concrete and natural stone, which ensures the building's strength and longevity. A durable metal roof, double-glazed windows and solid wood doors have been installed.
1st floor: storage rooms and commercial spaces (total over 300 m²) — suitable for retail, warehouse or service business activities. It is also possible to convert into office spaces. All connections are available: water, electricity, heating and ventilation. With the larger space, there is the option to divide the room in two and create two spaces for office use.
2nd floor: total 12 small apartments (compact and functional layouts), 4 furnished and functioning accommodation units, 8 apartments ready for furnishing and expanding the business model. The remaining 8 apartments will be furnished in the near future. All apartments are insulated, finished and come with kitchenette ready. The building's architecture is inspired by classical style, with historical details and plaster surfaces preserved on the facade. The building has energy-efficient underfloor heating and mechanical ventilation, which ensure low operating costs.
Business and investment opportunities Ready revenue stream: 4 apartments already generate steady income and prove the viability of the business model. Additional income potential: 8 apartments can be quickly furnished and added to rental operations. Versatile use: combine accommodation business, offices and retail spaces in one building. Management freedom: suitable for both personal accommodation and rental management as well as fully automated revenue model through a professional management company.
Location The building is located in North Tallinn, in the Kalamaja district — Kalma Street 7, directly near the Baltic Station and Telliskivi Creative City. The area is one of Tallinn's faster developing and more popular business environments, where creative enterprises, cafes, restaurants and small retail spaces operate. Good public transport connections (tram, bus stops, train station), quick access to the city center and Noblessner harbor district. Street lighting, well-maintained roads, parking options both behind the building and in the nearby Europark parking lot (EP278).
Additional information The building has an energy-efficient heating system and modern ventilation. All spaces are fully renovated and ready for immediate use.
The seller is a legal entity and Value Added Tax is added to the price.
Contact If you are looking for a functioning commercial building with stable income and growth potential, then this property is an excellent choice. Contact us to arrange a time to view the property.
